(WO) – Eni and Azerbaijan’s state vitality firm SOCAR have signed three Memorandums of Understanding (MoU) within the areas of vitality safety, greenhouse gasoline emissions discount and the biofuel manufacturing chain.
Absheron area (Supply: SOCAR)
The primary MoU targeted on the growth of Eni and SOCAR’s cooperation on oil and gasoline exploration and manufacturing, with the intention of strengthening the vitality safety of Europe, and Italy specifically.
A second MoU envisages the cooperation of Eni and SOCAR to cut back greenhouse gasoline emissions and enhance vitality effectivity within the upstream sector in Azerbaijan, by way of the applying of greatest obtainable applied sciences.
These embody the analysis of carbon seize and transportation options from current crops in numerous industrial sectors, storage and utilization in deposits in Azerbaijan (CCUS), in addition to the identification of renewable vitality improvement undertaking alternatives.
Lastly, a 3rd MoU, to discover potential cooperation within the biofuel manufacturing chain, has been signed.